Jonah Erlich News Today

The global banking sector was thrown into turmoil by Friday's collapse of Silicon Valley Bank, which sent global bank stocks plunging on Monday on concern about further contagion.

The crypto collectives use automation and crowdsourcing to make decisions | The Economist explains

Some say DAOs are having their moment—or maybe getting ready for prime time is more like it. “We believe that this past month with the ConstitutionDAO will be the NBA Top Shot moment for DAOs,” says one expert.

Raising money on the internet — crowdfunding — is a pretty familiar idea, but using Ethereum to buy a stake in the control of a rare document seems new. An insider tells us how that worked and what it means for the future.

ConstitutionDAO has refunded more than half of the contributions to its failed attempt to buy a rare copy of the US Constitution at auction. But high gas fees have cost more than $1.2 million so far.